HSBC Global Viewpoint
Under the Banyan Tree - Busting the myths on Asian supply chains
Jan 25, 2024
Fred Neumann and Herald van der Linde debunk myths about Asian supply chains, discussing the shifting dynamics and China's dominant role. They explore the impact of Chinese companies investing in Southeast Asia, the reality of supply chain movements in Asia, and the challenges of diversifying supply chains. They also discuss the potential benefits for India's growth through supply chain diversification.
19:15
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Quick takeaways
- The shift in Asian supply chains from China is limited to a few economies like Vietnam and Malaysia, with India's impact being insignificant on its overall economy.
- Chinese companies are also relocating investments and production facilities to other economies, increasing connectivity between these economies and China.
Deep dives
Limited scope of supply chain diversification in Asia
The idea of supply chain diversification and moving away from China is often discussed, but the actual shift is more limited in scope. The primary beneficiaries are Vietnam, Malaysia, and a few other economies. While some tech companies are investing in India, it doesn't make a significant impact on the Indian economy as a whole.
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